U.S. investors unsettled by Turkey's politics

April 10, 2015 6:19 PM

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NEW YORK, April 10 (Reuters) - Fidelity Investments portfolio manager John Carlson has been investing in Turkey for more than 20 years, but he hasn't been as bullish on the country of late. Recent political developments mean he's likely to remain a bit wary, even after big declines in equity prices and the currency.

Ahead of a critical June parliamentary election, political risk increased when Turkish President Tayyip Erdogan gave central bank governor Erdem Basci a tongue-lashing for not cutting interest rates in January to boost growth.

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